An indepth look at passwords and what they really mean to us;what is their actual role...can it be said that we can't do without passwords,what are their vulnerabilities and what is their effect then on the bigger picture that is Cyber Security,what are the myths and common mistakes that we all make when it comes to passwords,A look into another less thought of or even talked about dimension(Definitely 3 sides to a Coin!) about online services and how they implement their password policies and whether they do things in the right way such as storing our passwords properly and securing their servers but more importantly what can be done to remedy some of these vulnerabilities and challenges...or as some major technology players quarters have seemed to suggest;Is the Password already Dead or is there some hope of a turnaround,a shift in fortunes however minimal?Furthermore what are the alternatives to passwords and will those alternatives still have the same functionality and convenience to passwords,do they even come close to what passwords offer us?The only way to answer all these questions is to first of all try and answer the Question...PASSWORDS;Guised Indispensable's or Liabilities?